Discuss the primary advantage of XBRL over traditional HTML as a means of online reporting of financial information to users
Online reporting of financial data has become a competitive necessity for publicly traded organizations. Currently, most organizations accomplish this by placing their financial statements and other financial reports on their respective Web sites as HTML (Hyper Text Markup Language) documents. These documents can then be downloaded by users such as the SEC, financial analysts, and other interested parties. The HTML reports, however, cannot be conveniently processed through IT automation. Performing any analysis on the data contained in the reports requires them to be manually entered into the user's information system. The solution to this problem is eXtensible BusinessReporting Language (XBRL), which is the Internet standard specifically designed for business reporting and information exchange. The objective of XBRL is to facilitate the publication, exchange, and processing of financial and business information. XBRL documents can thus be downloaded, interpreted, and analyzed using computer software with no additional manual data input necessary.
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What is negative slack? Why does it occur?
What will be an ideal response?
An investor who mistakenly buys the wrong stock because the symbols are similar has 24 hours to undo the trade
Indicate whether the statement is true or false.
Martha is 60 and has a very high net worth. Her most pressing financial concern is probably:
A. asset acquisition planning. B. liability planning. C. estate planning. D. insurance planning. E. savings planning.
In order to be reported, liabilities must:
A) Be certain. B) Sometimes be estimated. C) Be for a specific amount. D) Always have a definite date for payment. E) Involve an outflow of cash.